Southeast Grand St Guild Hdf Co Inc Residential Management Assoc Inc
Housing management nonprofit maintains stable revenue but carries substantial long-term liabilities.
EIN: 132679034 · Garden City, NY · NTEE: L21 · Updated: 2026-03-28
Is Southeast Grand St Guild Hdf Co Inc Residential Management Assoc Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Southeast Grand St Guild Hdf Co Inc Residential Management Assoc Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Southeast Grand St Guild Hdf Co Inc Residential Management Assoc Inc
Southeast Grand St Guild Hdf Co Inc Residential Management Assoc Inc (EIN: 132679034) is a nonprofit organization based in Garden City, NY, classified under NTEE code L21. The organization reported total revenue of $14.4M and total assets of $31.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Southeast Grand St Guild Hdf Co Inc Residential Management Assoc Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Southeast Grand St Guild Hdf Co Inc Residential Management Assoc Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Southeast Grand St Guild Hdf Co Inc Residential Management Assoc Inc allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to officers, directors, trustees, or key employees, which is highly unusual for an entity managing over $10 million in revenue and $30 million in assets.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Southeast Grand St Guild Hdf Co Inc Residential Management Assoc Inc's IRS 990 filings:
- Consistent and substantial liabilities exceeding total assets, indicating a high debt-to-asset ratio.
- 0% reported officer compensation across all filings, which is atypical for an organization of this scale and could obscure true management costs.
Strengths
The following positive indicators were identified for Southeast Grand St Guild Hdf Co Inc Residential Management Assoc Inc:
- Consistent revenue generation, demonstrating operational stability (e.g., $10,599,055 in 202406).
- Generally positive net income in recent years (e.g., $10,599,055 revenue vs. $9,835,062 expenses in 202406).
- Long filing history (14 filings) indicates sustained operation and compliance.
Frequently Asked Questions about Southeast Grand St Guild Hdf Co Inc Residential Management Assoc Inc
Is Southeast Grand St Guild Hdf Co Inc Residential Management Assoc Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Southeast Grand St Guild Hdf Co Inc Residential Management Assoc Inc (EIN: 132679034) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Southeast Grand St Guild Hdf Co Inc Residential Management Assoc Inc spend its money?
Southeast Grand St Guild Hdf Co Inc Residential Management Assoc Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Southeast Grand St Guild Hdf Co Inc Residential Management Assoc Inc tax-deductible?
Southeast Grand St Guild Hdf Co Inc Residential Management Assoc Inc is registered as a tax-exempt nonprofit (EIN: 132679034). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What is the nature of the significant liabilities that consistently exceed assets?
The organization consistently reports liabilities significantly higher than its assets (e.g., $53,022,851 in liabilities vs. $30,329,710 in assets for 202406). This could be due to long-term mortgages or other financing common in housing development and management, but requires detailed review of the balance sheet to understand the specific components and repayment terms.
How does the organization operate with 0% reported officer compensation?
The consistent reporting of 0% officer compensation suggests either a fully volunteer-led executive team or that executive compensation is categorized differently within the financial statements, such as under management fees paid to an external entity. This warrants further investigation to understand the true cost of leadership and management.
What is the primary source of the organization's revenue?
Given its NTEE code (L21 - Housing Development, Construction & Management) and consistent revenue generation (e.g., $10,599,055 in 202406), the primary source of revenue is likely from property management fees, rental income, or government subsidies related to housing programs.
Filing History
IRS 990 filing history for Southeast Grand St Guild Hdf Co Inc Residential Management Assoc Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Southeast Grand St Guild Hdf Co Inc Residential Management Assoc Inc's revenue has grown by 316.6%, moving from $2.5M to $10.6M. Total assets increased by 160.7% over the same period, from $11.6M to $30.3M. Total functional expenses rose by 360.9%, from $2.1M to $9.8M. In its most recent filing year (2024), Southeast Grand St Guild Hdf Co Inc Residential Management Assoc Inc reported a surplus of $764K, with revenue exceeding expenses. The organization holds $53.0M in liabilities against $30.3M in assets (debt-to-asset ratio: 174.8%), resulting in net assets of $-22,693,141.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $10.6M | $9.8M | $30.3M | $53.0M | — | View 990 |
| 2023 | $10.2M | $11.9M | $29.8M | $53.3M | — | View 990 |
| 2022 | $10.2M | $7.6M | $32.5M | $54.3M | — | View 990 |
| 2021 | $9.9M | $11.0M | $30.7M | $55.1M | — | — |
| 2020 | $8.7M | $7.5M | $31.3M | $51.5M | — | View 990 |
| 2019 | $8.6M | $7.1M | $33.3M | $52.7M | — | View 990 |
| 2018 | $8.5M | $7.0M | $34.0M | $53.3M | — | View 990 |
| 2017 | $8.4M | $7.3M | $34.6M | $54.1M | — | View 990 |
| 2016 | $8.2M | $9.3M | $36.5M | $56.2M | — | View 990 |
| 2015 | $7.5M | $6.3M | $32.9M | $30.9M | — | View 990 |
| 2014 | $5.5M | $6.2M | $31.9M | $31.2M | — | View 990 |
| 2013 | $3.7M | $2.3M | $31.0M | $29.5M | — | View 990 |
| 2012 | $2.6M | $2.2M | $23.1M | $23.1M | — | View 990 |
| 2011 | $2.5M | $2.1M | $11.6M | $11.9M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $10.6M, expenses of $9.8M, and assets of $30.3M (revenue +3.6% year-over-year).
- 2023: Revenue of $10.2M, expenses of $11.9M, and assets of $29.8M (revenue +0.2% year-over-year).
- 2022: Revenue of $10.2M, expenses of $7.6M, and assets of $32.5M (revenue +2.7% year-over-year).
- 2021: Revenue of $9.9M, expenses of $11.0M, and assets of $30.7M (revenue +14.7% year-over-year).
- 2020: Revenue of $8.7M, expenses of $7.5M, and assets of $31.3M (revenue +0.8% year-over-year).
- 2019: Revenue of $8.6M, expenses of $7.1M, and assets of $33.3M (revenue +1.6% year-over-year).
- 2018: Revenue of $8.5M, expenses of $7.0M, and assets of $34.0M (revenue +0.7% year-over-year).
- 2017: Revenue of $8.4M, expenses of $7.3M, and assets of $34.6M (revenue +2.2% year-over-year).
- 2016: Revenue of $8.2M, expenses of $9.3M, and assets of $36.5M (revenue +9.4% year-over-year).
- 2015: Revenue of $7.5M, expenses of $6.3M, and assets of $32.9M (revenue +37.0% year-over-year).
- 2014: Revenue of $5.5M, expenses of $6.2M, and assets of $31.9M (revenue +47.2% year-over-year).
- 2013: Revenue of $3.7M, expenses of $2.3M, and assets of $31.0M (revenue +45.1% year-over-year).
- 2012: Revenue of $2.6M, expenses of $2.2M, and assets of $23.1M (revenue +0.8% year-over-year).
- 2011: Revenue of $2.5M, expenses of $2.1M, and assets of $11.6M.
Data Sources and Methodology
This transparency report for Southeast Grand St Guild Hdf Co Inc Residential Management Assoc Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.